Portfolio Resources Advisor Group Inc. Takes $891,000 Position in Vanguard Intermediate-Term Corporate Bond ETF $VCIT

Portfolio Resources Advisor Group Inc. purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,634 shares of the company’s stock, valued at approximately $891,000. Vanguard Intermediate-Term Corporate Bond ETF comprises approximately 0.9% of Portfolio Resources Advisor Group Inc.’s investment portfolio, making the stock its 25th biggest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VCIT. DecisionPoint Financial LLC raised its position in Vanguard Intermediate-Term Corporate Bond ETF by 2.9% in the fourth quarter. DecisionPoint Financial LLC now owns 539,643 shares of the company’s stock worth $45,195,000 after acquiring an additional 15,021 shares during the period. Coyle Financial Counsel LLC raised its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 17.1% in the third quarter. Coyle Financial Counsel LLC now owns 173,219 shares of the company’s stock valued at $14,569,000 after purchasing an additional 25,336 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter valued at approximately $715,000. Ameritas Investment Partners Inc. increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 7.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 234,801 shares of the company’s stock worth $19,749,000 after acquiring an additional 17,222 shares during the period. Finally, First Horizon Corp increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 323.9% during the 4th quarter. First Horizon Corp now owns 11,648 shares of the company’s stock worth $976,000 after acquiring an additional 8,900 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Vanguard Intermediate-Term Corporate Bond ETF stock opened at $82.45 on Monday. The firm’s 50 day simple moving average is $82.66 and its 200 day simple moving average is $83.37. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $81.43 and a 1-year high of $84.84.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were paid a $0.3412 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 5.0%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.33.

About Vanguard Intermediate-Term Corporate Bond ETF

Vanguard Intermediate-Term Corporate Bond ETF seeks to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index, a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index. The Barclays Capital U.S. 5-10 Year Corporate Bond Index measures the investment return of U.S. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.